The Newberry herald and news. (Newberry, S.C.) 1884-1903, 1887-05-26

natl and Chicago Railroad company
now built.
9. After the ratification of these
articles of agreement and before the
articles of agreement for tue consoli-
dation shall have effect, the Charles
ton, Cincinnati and Chicago Rail-
road Company shall pay all the then
existing legitimate debts of the Geor-
gia and Carolina Midland Railroad
Company, the said Indebtedness to
be ascertained by en- examination
and inspection of the books and
vouchers of said company, to be ap.
proved by the Board of Directors of
the Georgia and Carolina Midland
Company.
8. That the township bonds Of
Union County, voted in aid of the
Union, Gaffney City and Rutherford
ton Railroad Company and Atlantic
and Northwestern Railroad Company,
now belonging to the Georgia and
Carolina Midland Company, aud now
in the hands of F. R. Wallace, trus-
tee, shall be delivered to the said
Charleston, Cincinnati and Chicago
Railroad Company upon the presen-
tation of certificate of the Chief
Engineer Of the Charleston, Cincin-
natl and Chicago Railroad Company,
to be countersigned by one Of the
Board of County Commissioners of
tue said County, that the terms and
conditions of the subscription have
been complied with by the said Char
lesion, Cincinnati and Chicago Rail
road Company.
4. The shares OF the capital stock
of the Georgia and Carolina Midland
Railroad Company being each of the
par value of $25 and those of the
Charleston, Cincinnati and Chicago
Railroad being 500 each, the same
shall be consolidated upon that basis
and in that proportion.
Representatives of the two roads
to be consolidated, soon after the
conclusion Of the conference, ex-
pressed themselves as pleased and
satisfied at the results attained, and
to the effect that the agreement would
at the proper time be ratified and
carried out successfully.
What Senator Butler and Col. johnson
Say ;About the Prospects of the
Road.
Special to the Neocs aud Courier.
COLUMBIA, S. c., May l0.-TLe
representatives of the Charleston,
Cincinnati and Chicago, and the
Georgia and Carolina Midland Rail
road companies, met again at 10
o'clock today and continued
in conference for four hours.
After the adjournment representa-
tive of the Meas and Courier had
long talk with General Manager r.
4. johnson and Senator NJ. C. Butler
of the big trunk line. They said that
they had reached satisfactory basis
for the consolidation Of the Midland
Road with the three Cs, and that the
terms would be submitted to meet.
ings of the directors and stockhold-
ers of both companies, which will he
held in Columbia on June /. They
entertained very little doubt that the
consolidation would be ratified.
Inquiries in regard to the purposes
or the management cc the three C's
and the progress of wc1k upon the
line elected the following informa.
ton from Col. Johnson and Senator
Butler:
About three thousand men are at
work grading the line between Cam
den and Blacks. A quantity of COZ
pound steel rail sufficient to rail
thirty miles Of line is already at
Camden, and track-laying will begin
within thirty dlys. The grading be.
tween Camden and Lancaster and
Blacks is proceeding rapidly. 1t is
expected that the line will be com
pleted from Camden to Lancaster by
September Is, and that trains will be
running from Rutherfordton, n. c.,
to Charleston by January !:
The recent purchase of the Chat
taroi Road by the three C's company
supplies sn important link in the line.
The road runs from Ashland, Ky, on
the Ohio River, up the big Sandy
River to the town of Richardson,
fifty miles distant. The equipment
Of this road consists of six locomo-
tives, 200 coal cars, Is box cars, six
passenger coaches and TWO mail cars,
a daily schedule is heipg operated
upon it: The three C's Company is
now extending this Chattaroi link
from Richardson to the Virginia line,
Ten miles of the seventy-two have
already been graded and steel rail is
being laid as rapidly as the road bed
is prepared for it, Two surveying
corps are now locating the line across
Southwest Virginia into North Caro-
lima.
Col. johnson says that it is the
purpose of his company to complete
the line between johnson City, Tenn,
on the East Tennessee, Virginia and
Georgia Road to Richardson, the
orocopf farpoipuc of fba Hbe ITO roi